Cargill to Buy Australia’s Largest Malting Business

By Amanda Brodhagen, Farms.com

Cargill said it plans to acquire Glencore International’s malting business, which supplies brewers in Australia and in several Southeast Asian countries.

The company plans to buy Australia’s Joe White Maltings seven malt plants, the sale price of the deal wasn’t disclosed. The purchase is subject to regulatory approvals.  “The addition of Joe White Malting will complete Cargill’s global footprint in all key barley production areas and enable us to better serve our global and leading regional brewers in the region,” said Doug Eden, president of Cargill’s Global Malt business.

If the deal goes through, Cargill will have malting facilities located in Australia, Europe and the America’s. The transaction is expected to be completed by the end of 2013.